Reasons to hire an appraiserThousands of people in Minnesota purchase, sell or refinance their home each month. A lot of these transactions include a simple line item for an appraisal. And even though there are a budding number of automated home valuation systems that might appear more economical than an appraisal, the majority of lenders still want a local expert because the stakes are so high. You might think that obtaining a mortgage is the only reason to get an appraisal, but there are other instances when the services of a licensed, independent real estate professional might be helpful.
Dispute your tax assessmentIf you reside in an area where property values have declined, it's possible you're paying too much in property taxes. An appraisal from Accurity Valuation Eagle Appraisals is your best evidence when building your case. We're qualified to assist you in challenging your tax assessment.
Let Eagle Appraisals MN, Inc. help you get rid of PMI to lower your mortgage paymentWhen the amount being loaned to the home owner is more than 80% of the actual value of the home, most lenders ask home buyers to buy an additional insurance policy. That policy is Private Mortgage Insurance, or PMI. Since the extra payment is usually lumped into the monthly mortgage payment, it is often forgotten. PMI isn't required when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to dismiss the PMI payments on most mortgages when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI,Eagle Appraisals MN, Inc. can provide you with a statement regarding the value of your home. The price you paid for the appraisal can generally be regained in just a few months because you'll no longer be paying the PMI. Make sure to first check with your lender. Many lenders may require a PMI appraisal to have been originated by them.
Divorce settlement with less stressA divorce is often complicated by the challenging decision of who maintains the property, and it can be a very heartbreaking event for both parties. Regardless of the circumstances, it's wise to order an appraisal from Eagle Appraisals MN, Inc. so both parties are fully aware of the true market value of their home.
The parties will have a clearer picture of what price to set, if they need to sell the home. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Fair and accurate estate liquidation with help from Eagle Appraisals MN, Inc. settling an estateThe death of a loved one is a painful time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We guarantee the highest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Most Americans don't have dedicated estate planners or executors to manage these matters, unlike wealthier individuals. And seeing that a home or other property often makes up a disproportionate share of the total estate value, knowing the absolute value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've received a fair deal.
Relocating to or from the Twin Cities?We understand the stress associated with an employee relocation. That's why we take great care in establishing an accommodating appointment time for the appraisal inspection. We encourage relocating employees to provide feedback on the positive features of their property, as well as information regarding any recent sales or listings in their area that they want considered during our intensive process.
Let Eagle Appraisals MN, Inc. help you sell your home quickly at the right priceA professional appraisal can help you make a better educated decision regarding your asking price, whether you choose to sell your home on your own or use the assistance of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees are based on our efforts to perform the appraisal report and and aren't related to the sales price.
On a daily basis, we examine the difference in value items like an extra bathroom or a kitchen remodel can make. Seeking a professional appraisal is a trusted way to determine what improvements will add value and what an applicable sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long properties are one the market.